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Petrobras – ECA buyer credit

02 March 2011

Avoiding the pitfalls of project finance

MLAs: BBVA, BNP Paribas, Crédit Agricole CIB
Borrower: Petrobras Netherland
Guarantor: Petrobras
Amount: Deal size – $650 million; facility size $300 million
Tenor: 12 years
ECA: K-sure
Lawyers: Clifford Chance
Exporter: Samsung Heavy Industries

Brazil’s Petróleo Brasileiro (Petrobras) features regularly in the Deals of the Year and this year sees BBVA,

BNP Paribas and Crédit Agricole CIB come together in a deal that sets a standard for complex, structured, well built and rapidly executed transactions that satisfy all ­participants. What really sets this apart is that...


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